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On June 21, the NYC Rent Guidelines Board (RGB) voted to raise rents on rent-stabilized apartments. In a 5 to 4 vote, the RGB adopted guidelines for Rent Guideline Board Order (RGBO) #55, which sets the rent increases you may take for rent-stabilized tenants in New York City on leases beginning anytime on or after Oct. 1, 2023, through Sept. 30, 2024. According to RGBO #55, you may take a 3 percent increase on a one-year lease. And two-year leases get a 2.75 percent inc...
From time to time, you may need to ask the DHCR for certain information or documents. For example, you may be defending against a reduced services complaint and want to see the DHCR inspection report, or you may want a printout of all cases currently pending at the DHCR for a building you’ve just bought. Or you may want to obtain copies of all prior MCI orders that relate to your building to check the age of equipment being replaced. If so, you can get this inform...
These 26 reforms are projected to save NYC small businesses roughly $1.5 million.
In January 2022, Mayor Adams signed Executive Order 2, “Small Business Forward,” to reform existing business regulations and ensure local businesses face fewer needless fines and penalties. The order required several city agencies to review their business regulations to determine which regulations could have reduced fines, extended cure periods, or be repea...
E-bikes, e-scooters, e-mopeds, and other small electric mobility devices have experienced a surge in popularity. These devices use a small electric motor to increase the range and reduce the effort it takes to reach a destination. For example, e-bikes look and behave like traditional bicycles with the addition of an electric motor and battery for extra power when pedaling. This extra boost allows the rider to traverse hills and travel further distances with greater ease...
Pending bill seeks to eliminate $5 surcharge for tenant-installed A/C units.
The Division of Housing and Community Renewal (DHCR) recently announced an increase in this year’s air-conditioner rent surcharge for owners who pay for electricity. In rent-controlled or rent-stabilized buildings where the rent includes the use of electricity, an owner may charge a surcharge for the use of electricity for each air conditioner that has been installed....
On Aug. 31, the DHCR issued a notice of public hearing on proposed amendments to the Rent Stabilization Code. These proposed amendments have been in the works for two and a half years and would be the first update since 2014 to the Rent Stabilization Code, which governs roughly 1 million rent-stabilized apartments in New York City.
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